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Tung Ho Textile swings to loss in Q2

4910735 said its normalized net income for the second quarter was a loss of 2 Taiwan cents per share, compared with 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$5.3 million, compared with income of NT$4.8 million in the year-earlier period.

The normalized profit margin dropped to negative 1.9% from 1.7% in the year-earlier period.

Total revenue climbed year over year to NT$284.1 million from NT$276.6 million, and total operating expenses increased 8.0% from the prior-year period to NT$286.7 million from NT$265.5 million.

Reported net income came to a loss of NT$4.4 million, or a loss of 2 cents per share, compared to income of NT$8.3 million, or 4 cents per share, in the year-earlier period.

s of Aug. 11, US$1 was equivalent to NT$32.22.Tung Ho Textile Co. Ltd.

4910735 said its normalized net income for the second quarter was a loss of 2 Taiwan cents per share, compared with 2 cents per share in the year-earlier period.